Answer (D) is correct . A horizontal merger is one between competitors in the same market. From the viewpoint of the Justice Department, it is the most closely scrutinized type of merger because it has the greatest tendency to reduce competition.
Answer (A) is incorrect because A merger between firms in different and unrelated markets is a conglomerate merger.
Answer (B) is incorrect because A merger between two or more firms at different stages of the production process is a vertical merger.
Answer (C) is incorrect because A merger between a producer and a supplier is a vertical merger.
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